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City of Casselberry Police Officers' and <br />Firefighters' Pension Board of Trustees <br />Minutes of Fehruary 9, 2016 Meeting <br />Page 3 o r <br />Domestic Equity Composite (Active): The wells Fargo Growth Fund was behind their <br />benchmark by 1.3% while the Dreyfus Strategic Value was mostly in line at -0.08%. The <br />Delaware Small Cap Core was up ].1 % <br />International Equitv Composite:- The American Funds EuroPac:if is is fairly diversified which <br />caused it to trail by 0.33%. Transamerica International Equity is more aggressive and, relative to <br />other managers in the investment class, had a very good quarter, outperformin96% of the <br />active managers in the market. <br />Domestic Fixed Income- wird Aggregate Bond was nearly in line with expectations showing <br />only a loss of 0.07%. <br />Global Fixed Income: Cane hack from last quarter with PIMCO Diversified increasing by <br />almost I% and Templeton Global showing a 3.14% gain. <br />Alternative Income: Westwood Income opportunity Fund had a goad result this quarter. <br />Deal Estate Income: American Core Fealty continues to be strong with a return of 3%. <br />New Business <br />A. Fifth Trustee Seat <br />Discussion of'the to candidates ensued. <br />MOTION: Member Strenth moved to select Anthony Van Ore as the Fifth Trustee. Motion <br />was seconded bar Member Hufford. Notion carried by voice vote 4-0 with member Van Ore <br />abstainin. <br />MOTION: Member Hettler moved that should member Rufford resign from the board; the <br />board reconxniends Chief Donald Harkins to fill the vacancy. Notion was seconded by Member <br />Van Ore. Motion carried by voice vote 5-0. <br />B. Election of officers <br />Chairman Glancy opened the floor for the selection of the new board officers. <br />MOTION: Member Strenth moved to select Flee -Chair Matthew Hettler for the position of <br />Chairman, himself for the position of Vice -Chair, and member Anthony Van ore <br />for the position of Secretary. Motion was seconded by Member Glancy, Motion <br />carried bv voice note -o. <br />.. <br />7. Old Business <br />A. Participation in GlobeTax <br />After reviewing the program, Board Attorney Scott Christiansen reg ornmen.ds that the board contract <br />Salem Trust to utilize GlobeTax to secure any intemati nal tax refunds applicable with no out of pocket <br />cost to the plan. <br />MOTION: Member Glancy moved to have the board contract with Salem Trust to utilize <br />GlobeTax to secure anv applicable international tai: refunds and to authorize the Chairman to <br />